Neufund Eliminating Middlemen From Initial Public Offerings (IPOs)

Neufund CEO Zoe Adamovicz recently sat down for an interview about her company

She says that conducting quasi-IPOs on Blockchain can help reduce the cost for investors

Neufund CEO Zoe Adamovicz recently had an interview with securities.io about her company and how investments on blockchain are being used to solve market problems.

Automating stocks

One of the first things that were done in the interview was to properly explain her company. Neufund has been described as a “stock exchange without the operator in the back”. Adamovicz clarified that her companies simply aids firms that want to tokenize their equity but also provides a platform for securities offerings, allowing companies to conduct a quasi-IPO on the blockchain.

This is beneficial, she says, because it fills the market gap that is experienced by companies too big for venture capital but too small for traditional IPOs.

Another benefit to the firms is that there is almost no cost to them while conducting the quasi-IPOs and the many middlemen usually needed are eliminated.

“Also worth noting is the programmability of tokenized assets, which means that issuers can include utility functions in the asset itself such as automated dividend distribution.”

Customers from diverse fields

According to Adamovicz, the platform has attracted business from many venture capital firms and angel investors, as well as crypto and retail investors who want to invest their funds.

The benefit for them, she says, is that the platform gives them access to a large pool of investors from secondary markets. The automated nature of the funds also allows them to enjoy dividend distribution or voting mechanisms.

As investors make use of the platform, they are owning a piece of Neufund itself and thus, earn a percentage of their revenue.

Recent developments

The interview also made sure to touch on recent developments in Neufund.

In 2018 they partnered with MSX and Binance, and Adamovicz says that these partnerships were designed to create more liquidity for the Neufund platform.

Back in 2017, Neufund had an ICBM (Initial Capital Building Mechanism) which raised over $15 million. The CEO assured readers, however, that Neufund didn’t have access to the funds and they were automatically made available to investors.

“The committed ETH and EUR got locked on a smart contract and investors will be able to invest them into coming offerings placed through Neufund,” she said.

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Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.

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